In 2006 Deutsche Bank issued this press release:
Sajid Javid is now the Health Secretary. As this press release shows, his prior experience was in trading the financial instruments that crashed the world economy in 2008.
And he was not a minor player. He was a major player at a major bank, worthy of having press releases issued about his career progression. In 2008 he helped bring down the world economy: no one else but bankers did that. Deutsche in London was right in the middle of that.
Now this Ayn Rand reading banker is making the decisions on whether or not the economy will reopen. And he says his I aim is to 'get back to normal'.
What? The normal where people whose only experience is in making a deal on a computer screen, the consequences of which they are utterly indifferent to, is what is defined as normal?
Or the world of Ayn Rand, which he has acknowledged is his own prescription for normal, where nothing but selfishness matters?
The one thing we can be sure of is that this will not be the world where patient interests have priority. That will not be his normal.
The NHS has been in trouble before.
We have all been in trouble as a result before.
But Sajid Javid is a straightforward threat to the well-being of the people of this country. He's helped bring it to its knees once. No doubt he will be seeking to do so again.
Hat tip: thanks to commentator Steve for drawing my attention to this.
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I like that typo – ‘I am’ for ‘aim’!
He may not be personally responsible for crashing the global economy in 2008/09…. but I suspect he made a significant contribution to crashing Deutsche Bank (share price performance 115 to 15 in 2008/09)…. unless, of course, his departure in 2009 was entirely coincidental.
In my experience (and I have a little) the people that get to get fairly senior trading positions are all huge risk takers. If you start with 100 traders and keep promoting the most profitable you will almost certainly end up with the biggest/luckiest risk takers in charge. This may sound rather simplistic but, believe me, it really is pretty much that way.
The question is, do we need a risk taker in charge of the NHS? Particularly, a risk taker that subscribes to Ayn Rand who, I suspect will risk OUR lives for HIS (political) gain.
The answer to your last question is ‘no’
Javid is perfectly positioned to accelerate the privatation of the NHS. So is Sir Simon Stevens as a past senior executive of United Health Group, and it will be interesting to see who replaces him very shortly.
It’s amazing how someone who is implicated in the pure greed that caused the crash could get a job like this.
Maybe he is aware of the circumstance of Rand’s decline and death (I understand that her friends had to look after her as she fell on hard times).
Maybe because of this, he has had an epiphany and understands his role.
But I doubt it – don’t you?
Banks are running this shi*show and so it seems inevitable that before long we have a banker (like Sunak or Javid) as PM, like Italy, Greece and France have already (I haven’t checked the other European countries, I guess there’s more!)
After contracting lung cancer she was enrolled “under protest” on Social Security and Medicare by her attorney, who allegedly argued that she was merely stealing back the taxes that had been the stats had stolen from her.
It will be tough though for Javid to to push through his plans, after all he has to convince the Sunak the billionaire ex Goldman Sachs banker and hedge funder.
The biggest problem with Javid will be the re-imposition of austerity cuts. Any increase in NHS funding will be minimal and the criminally neglected increase in funding for social care will be kicked into the grass yet again.
I understand that when Javid was offered the post he expressed surprise and told B.Johnson that he had no experience in the healthcare field to which the response was ” Perfect ,you have all the credentials necessary to undertake the job” We can kiss the free NHS goodbye.
The WHOLE cabinet is full of the Brittannia Unhinged psychopaths bred in a clone vat to deliver a long standing plan to dismantle the works and even the idea of democratic socialism and universal public services free at the point of use and need.
The father of the PM was/is a world banker.
The PM’s Bullingdon Club entitled psychos bred to rule the lower psychos are all connected to Bankers and hedge funds.
What pieces exactly are people missing to complete the picture?
“In 2008 he helped bring down the world economy: no one else but bankers did that”
Bankers do what bankers always have done and always will do. This is to make as much money as possible for themselves. It is tempting to agree, but what about all the politicians, of all major parties, and on both sides of the Atlantic, who deregulated the economy to create a huge credit bubble and then allowed them to not face serious consequences when it burst? They all were peddling the same discredited right wing economic theories.
Jill. Another likelihood you have to consider is that all our politicians who get into cabinet positions are bought and paid for one way or another and he who pays the piper, on top of the salary the taxpayer pays him, calls the tune.